Understanding Yieldstreet Fund Expenses
At YieldStreet, our investments are structured as either a special purpose vehicle, or SPV – or as a borrower payment dependent note – BPDN. Both require specific expenses – regardless of the asset class or the size of your investment. Yearly financial audits for YieldStreet are completed for each active SPV by a third party PCAOB compliant firm.
These detailed audits are completed to comply with RIA requirements and ensure that accounting for the SPV has been completed in accordance with GAAP standards.
Melanie Alese | Investor Relations
In an offering with an SPV structure, the first year expense is $150 and then $70 in subsequent years.
BPDN offerings carry a $100 expense in year one and $30 in subsequent years.
Once the expense to the fund is paid, you can expect to earn interest payments as usual. These annual expenses are included to cover mandated expenses required by the SEC. Some of these charges include Form D filings, State Blue Sky filings, the fund’s annual Delaware franchise fee, and audit fees associated with the fund’s tax returns.
This communication and the information contained in this article are provided for general informational purposes only and should neither be construed nor intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Any link to a third-party website (or article contained therein) is not an endorsement, authorization or representation of our affiliation with that third party (or article). We do not exercise control over third-party websites, and we are not responsible or liable for the accuracy, legality, appropriateness or any other aspect of such website (or article contained therein).
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Yieldstreet provides access to alternative investments previously reserved only for institutions and the ultra-wealthy. Our mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. We are committed to making financial products more inclusive by creating a modern investment portfolio.
2 Represents an average net realized internal rate of return (IRR) with respect to all matured investments in your portfolio, utilizing the effective dates and amounts to and from the investments and net of management fees and all other expenses charged to the investments. Past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. All securities involve risk and may result in significant losses, including the loss of principal invested.[read more]